Questions from General Entrepreneurship

Q: How would you define small business?

How would you define small business?

Q: Why would a small business flourish in one area of the United

Why would a small business flourish in one area of the United States but fail in another region?

Q: What is the sales conversion index (SCI), and why should

What is the sales conversion index (SCI), and why should the small business owner become familiar with the way it is calculated and the information to be obtained from it?

Q: How can your business location affect customers’ image and perception of your

How can your business location affect customers’ image and perception of your business?

Q: Why should the small business owner consider the demographics of an area

Why should the small business owner consider the demographics of an area when choosing a location for opening a new business? Name some sources of demographic information that are valuable tools to us...

Q: When choosing a location for a new business, what are the

When choosing a location for a new business, what are the most important criteria for the entrepreneur to consider? Explain the connection between type of business and location.

Q: Explain the importance of knowing the legal requirements of an area before

Explain the importance of knowing the legal requirements of an area before attempting to open a small business.

Q: What are some considerations that should be taken into account if business

What are some considerations that should be taken into account if business is to be conducted in a foreign market?

Q: What is the difference between a secured loan and an unsecured loan

What is the difference between a secured loan and an unsecured loan?

Q: The old adage of the importance of “location, location,

The old adage of the importance of “location, location, location” applies as well in cyberspace as it does for brick-and-mortar businesses. How does an Internet-based business influence its “location”...